$1,366 Closing Credit*
$115,000
720 SqFt
2 Beds
•1 Full Bath
Lisa Pfefferkorn, Listing Office: Coldwell Banker Advantage
Is Mayodan, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Mayodan was a Seller's Market.
Key Takeaway
Mayodan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mayodan, NC
How much do homes in Mayodan, NC cost?
Median Sold Price
$190,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$13,000(+7.3%)
Key Takeaway
Homes in Mayodan have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Mayodan was $190,000 in December 2024, up 7.3% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $43.5K | -45.6% |
| 2 Bedrooms | $140.4K | $133.6K | -4.9% |
| 3 Bedrooms | $190K | $206.2K | +8.5% |
| 4 Bedrooms | $354K | $294K | -16.9% |
| 5+ Bedrooms | - | $321.5K | N/A |
Summary: Mayodan housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.6%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mayo Township | $237.6K | $289K | +21.6% |
| Mayodan | $177K | $190K | +7.3% |
| Madison | $250K | $245K | -2.0% |
| Madison Township | $222.5K | $212.7K | -4.4% |
Housing Supply in Mayodan, NC
How many homes are available in Mayodan, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The Mayodan real estate market had 16 homes for sale in December 2024, a 23.1% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mayodan housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mayodan, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Mayodan in December 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Mayodan, NC
How long does it take to sell a home in Mayodan, NC?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 26 Days | 45 Days | +70.9% |
Summary: Homes in Mayodan had an average of 45 days on market in Dec 2024, up by 70.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mayodan has remained consistent over time.
Summary: During December 2024, 2 homes were sold in Mayodan; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
